Key Points
- Robert Scaringe sold 21,446 shares of Rivian on April 14 at an average price of $16.17 under a pre-arranged Rule 10b5-1 plan for about $346,782, reducing his stake by 2.10% to 1,001,138 shares (SEC Form 4 filed).
- Rivian beat quarterly EPS and revenue estimates (EPS -$0.54 vs. -$0.68 expected; revenue $1.29B vs. $1.27B expected) but still posted a -67.68% net margin and saw revenue decline 25.8% year‑over‑year.
- Shares trade near $16.89 with a market cap of $20.96B and a MarketBeat consensus rating of "Hold" (average target $18.05), while a new partnership with Redwood Materials on a ~10 MWh second‑life battery storage project is viewed as a positive for costs and sustainability.
Rivian Automotive, Inc. (NASDAQ:RIVN - Get Free Report) CEO Robert Scaringe sold 21,446 shares of Rivian Automotive stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $16.17, for a total transaction of $346,781.82. Following the completion of the transaction, the chief executive officer owned 1,001,138 shares of the company's stock, valued at $16,188,401.46. This represents a 2.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Rivian Automotive Trading Up 2.9%
Shares of NASDAQ:RIVN opened at $16.89 on Friday. Rivian Automotive, Inc. has a 52 week low of $10.85 and a 52 week high of $22.69. The company's 50 day moving average is $15.49 and its two-hundred day moving average is $15.97. The company has a market cap of $20.96 billion, a PE ratio of -5.50 and a beta of 1.69. The company has a current ratio of 2.33, a quick ratio of 1.89 and a debt-to-equity ratio of 0.97.
Rivian Automotive (NASDAQ:RIVN - Get Free Report) last released its quarterly earnings data on Thursday, February 12th. The electric vehicle automaker reported ($0.54) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.68) by $0.14. The business had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.27 billion. Rivian Automotive had a negative net margin of 67.68% and a negative return on equity of 65.05%. The company's revenue for the quarter was down 25.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.70) EPS. Equities analysts predict that Rivian Automotive, Inc. will post -3.2 earnings per share for the current fiscal year.
More Rivian Automotive News
Here are the key news stories impacting Rivian Automotive this week:
- Positive Sentiment: Rivian announced a partnership with Redwood Materials to deploy a roughly 10 MWh battery energy storage system at its Normal, IL factory using 100+ second‑life Rivian packs — a move that can cut plant energy costs, improve grid resilience, and create a reuse channel for retired batteries, strengthening margins and sustainability positioning. Rivian (RIVN) Partners with Redwood on Battery Storage Project
- Neutral Sentiment: CEO Robert Scaringe sold 21,446 shares under a pre-arranged Rule 10b5‑1 plan (avg. $16.17). Insider sales can worry some investors, but the transaction was planned and leaves the CEO with ~1.0M shares, signaling no immediate governance alarm. SEC Form 4
- Neutral Sentiment: Coverage notes emerging competition (Kia planning U.S. trucks later this decade). While new entrants raise long‑term market-share questions, analysts and commentators largely view near-term impact as limited given Rivian’s niche brand, production focus, and existing commercial van contracts. Should Rivian Worry About Its Brand New Competitor?
- Neutral Sentiment: Commentary around partnerships (including Volkswagen mentions) and recent share gains has driven trading interest and re‑rating debates; these narratives can boost momentum but leave valuation/earnings execution as the ultimate drivers. Is It Time To Reassess Rivian After Recent Volkswagen Partnership News?
Analyst Ratings Changes
A number of research analysts have recently commented on RIVN shares. Cantor Fitzgerald reiterated a "neutral" rating on shares of Rivian Automotive in a report on Monday, February 9th. Leerink Partners restated an "outperform" rating on shares of Rivian Automotive in a research note on Thursday, March 12th. Wolfe Research downgraded Rivian Automotive from a "peer perform" rating to an "underperform" rating in a report on Monday, January 12th. Deutsche Bank Aktiengesellschaft raised shares of Rivian Automotive from a "hold" rating to a "buy" rating and raised their price objective for the stock from $16.00 to $23.00 in a report on Friday, February 13th. Finally, Canaccord Genuity Group restated a "buy" rating and set a $22.00 price objective on shares of Rivian Automotive in a research report on Monday, April 6th. Eleven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the company's stock. According to MarketBeat, Rivian Automotive currently has a consensus rating of "Hold" and an average target price of $18.05.
Get Our Latest Analysis on Rivian Automotive
Institutional Investors Weigh In On Rivian Automotive
Hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in Rivian Automotive by 227.0% during the third quarter. Farther Finance Advisors LLC now owns 117,096 shares of the electric vehicle automaker's stock worth $1,719,000 after acquiring an additional 81,291 shares during the period. Y Intercept Hong Kong Ltd lifted its holdings in Rivian Automotive by 244.1% in the third quarter. Y Intercept Hong Kong Ltd now owns 1,624,707 shares of the electric vehicle automaker's stock valued at $23,851,000 after acquiring an additional 1,152,551 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Rivian Automotive by 211.0% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 265,600 shares of the electric vehicle automaker's stock worth $3,899,000 after purchasing an additional 180,200 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of Rivian Automotive by 36.4% during the 3rd quarter. New York State Common Retirement Fund now owns 597,353 shares of the electric vehicle automaker's stock worth $8,769,000 after purchasing an additional 159,400 shares during the period. Finally, DNB Asset Management AS increased its holdings in shares of Rivian Automotive by 85.4% in the 3rd quarter. DNB Asset Management AS now owns 728,262 shares of the electric vehicle automaker's stock valued at $10,691,000 after purchasing an additional 335,511 shares in the last quarter. Institutional investors and hedge funds own 66.25% of the company's stock.
About Rivian Automotive
(
Get Free Report)
Rivian Automotive, Inc is an American automotive technology company specializing in the design, development and manufacture of electric vehicles. The company is best known for its all-electric R1 platform, which underpins the R1T pickup truck and R1S sport utility vehicle. In addition to consumer products, Rivian has secured a significant commercial contract to produce electric delivery vans for a leading e-commerce provider, underscoring its capability to serve both retail and fleet customers.
Founded in 2009 by engineer and entrepreneur Robert “RJ” Scaringe, Rivian has grown from a research-focused startup into a publicly traded corporation.
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